The Hindu Business Line : Treasury bill auctions fully subscribed

THE auctions of the 91-day treasury bill and the 182-day treasury bill on Wednesday were fully subscribed, said an Reserve Bank of India (RBI) press release.

The notified amount for the 91-day treasury bill was Rs 2,000 crore.

The RBI received 44 competitive bids, amounting to Rs 4,030 crore. Of these, it accepted 12 bids. The cut-off price was Rs 98.68.

The partial allotment percentage amounted to 49.26 per cent from 11 bids. The weighted average price was Rs 98.69.

The RBI also received four non-competitive bids, amounting to Rs 782.265 crore, which were accepted. The partial allotment percentage was 100 per cent.

In case of the 182-day treasury bill, the notified amount was Rs 1,500 crore. The RBI received and accepted 24 competitive bids, amounting to Rs 1,507.10 crore. The cut-off price was Rs 97.25. The partial allotment percentage amounted to 85.80 per cent from 1 bid. The weighted average price was Rs 97.35. The devolvement of RBI was nil on both the bills.

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